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Why Opendoor Stock Soared 24% Today

TheMotleyFool

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Shares of Opendoor Technologies (NASDAQ: OPEN) jumped 24% on Thursday after the online real estate platform delivered strong second-quarter financial results.

Opendoor's revenue rose 59% sequentially to $1.2 billion. The homebuying and selling company sold 3,481 houses, up 41% more compared to the first quarter.

Home sellers are flocking to Opendoor's iBuying platform. Image source: Getty Images.

Source Fool.com

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